Navigation Links
Governor O'Malley Announces State Grants Available For Maryland Bio Companies
Date:8/24/2010

BALTIMORE, Aug. 24 /PRNewswire-USNewswire/ -- Governor Martin O'Malley announced today that State grants are available in Fiscal Year 2011 through the Maryland Biotechnology Center to assist in commercializing promising research, encouraging bio companies to collaborate with academic institutions and expanding biotechnology resources.  The Governor also announced that seven Maryland bio companies and universities received $1.3 million in FY 2010 grants, which was the first year of funding.

"Biotechnology continues to be a key driver of Maryland's economy," said Governor O'Malley. "The high quality of the biotechnology projects supported by these awards, as well as their link to a number of Maryland institutions of higher learning, demonstrates Maryland's significant potential to commercialize our unparalleled academic research."

Applications for the Biotechnology Commercialization Awards and the Translational Research Awards must be submitted by September 15th to the Maryland Biotechnology Center (MBC), a part of the Maryland Department of Business and Economic Development (DBED), at www.marylandbiocenter.org.  These grants complement funding available through TEDCO's Maryland Technology Transfer and Commercialization Fund, the University of Maryland's Maryland Industrial Partnerships Program and DBED's Maryland Venture Fund programs.

In Fiscal Year 2010, the Biotechnology Commercialization Awards were made to three biotechnology companies to assist them in commercializing a product or service.  College Park-based Zymetis, received a $200,000 grant to advance their work in converting whey to fuel; Fyodor, based in Baltimore's BioPark, received $200,000 for the commercialization of their flagship product, the Urine Malaria Test; and InfraTrac, located at the Silver Spring Innovation Center, received $100,000 to grow their counterfeit drug monitoring product.

The Translational Research Awards, which are given to help commercialize basic science research and encourage bio companies to collaborate with academic institutions, were presented to Baltimore-based Gliknik Inc., in partnership with the University of Maryland, Baltimore and Dr. James S. Gammie of the University of Maryland Medical Center.  Each has received a $200,000 award. Gliknik will use its award to support development of a drug that aids in organ transplants, with a significant portion of the funding going to transplant researchers at the University of Maryland. Dr. Gammie will use the funding to develop surgical tools that will assist in repairing the heart's mitral valve through a minimally invasive procedure.

The Shared Resource Grants, totaling $400,000, were awarded to two University of Maryland programs that provide specialized services to local bio companies. The Maryland Technology Enterprise Institute (MTECH) Biotechnology Research and Education program received $200,000 to expand its operations into a new facility at Shady Grove.  A second $200,000 grant was awarded to the Department of Chemistry and Biochemistry at the University of Maryland, Baltimore County for the purchase of new equipment, specifically a state-of-the-art mass spectrometer.  


'/>"/>
SOURCE Maryland Department of Business and Economic Development
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Howard J. Leonhardt Announces Candidacy for Governor of California
2. GreenHouse Energy, Governor Schwarzenegger Join in Driving the Future of Fueling in California
3. Venture Capitalists to Invest in Promising PA Life Science Companies, Governor Rendell Says
4. The Biotechnology Industry Organization Honors Georgia Governor Sonny Perdue as Governor of the Year
5. Governor Rendell Says Life Science Industry Will Fuel New Breakthroughs, Generate Jobs for Decades to Come
6. Archimedes Pharma US Announces New US Headquarters In Bedminster, New Jersey
7. Sigma-Aldrich Announces Appointment of Magnus Borg as Vice President and Chief Information Officer (CIO)
8. 3SBio Inc. Announces Unaudited Second Quarter Results
9. SeqWright Announces the Addition of Illumina HiSeq 2000 to its Next Generation Sequencing Capabilities
10. Spherix Announces Second Quarter 2010 Financial Results
11. Ingenuity Systems Announces Toxicogenomics Best Practices White Paper
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... -- Sequenom, Inc. (NASDAQ: SQNM ), a life ... development of innovative products and services, announced today that ... denied its petition to review decisions by ... Patent No. 6,258,540 (",540 Patent") are not patent eligible ... Court,s Mayo Collaborative Services v. Prometheus Laboratories decision.  In ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... will join the faculty of the University of North Carolina Kenan-Flagler Business ... strategy and entrepreneurship at UNC Kenan-Flagler, with a focus on the school’s international ...
(Date:6/24/2016)... DIEGO , June 24, 2016 ... more sensitively detects cancers susceptible to PARP inhibitors ... circulating tumor cells (CTCs). The new test has ... HRD-targeted therapeutics in multiple cancer types. ... targeting DNA damage response pathways, including PARP, ATM, ...
(Date:6/23/2016)... Wausau, WI (PRWEB) , ... June 23, 2016 ... ... probiotic supplements, is pleased to announce the launch of their brand, UP4™ Probiotics, ... supplements for over 35 years, is proud to add Target to its list ...
Breaking Biology Technology:
(Date:5/24/2016)... facilitates superior patient care by providing unparalleled technology to leaders of the medical imaging ... product recently added to the range of products distributed by Ampronix. Photo ... ... ... News ...
(Date:5/3/2016)... 2016  Neurotechnology, a provider of high-precision biometric ... Biometric Identification System (ABIS) , a complete system ... ABIS can process multiple complex biometric transactions with ... fingerprint, face or iris biometrics. It leverages the ... MegaMatcher Accelerator , which have been used ...
(Date:4/19/2016)... 2016 The new GEZE SecuLogic ... web-based "all-in-one" system solution for all door components. It ... the door interface with integration authorization management system, and ... The minimal dimensions of the access control and the ... installations offer considerable freedom of design with regard to ...
Breaking Biology News(10 mins):